Analysts’ Weekly Ratings Updates for Norbord (OSB)

A number of research firms have changed their ratings and price targets for Norbord (NYSE: OSB):

  • 7/16/2019 – Norbord was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Norbord Inc. is a producer of wood-based panels. It operates primarily in the United States, Europe and Canada. Norbord Inc. is headquartered in Toronto, Canada. “
  • 7/16/2019 – Norbord had its “buy” rating reaffirmed by analysts at Raymond James. They now have a $41.00 price target on the stock.
  • 7/10/2019 – Norbord was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Norbord Inc. is a producer of wood-based panels. It operates primarily in the United States, Europe and Canada. Norbord Inc. is headquartered in Toronto, Canada. “
  • 7/9/2019 – Norbord had its “average” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $40.00 price target on the stock.
  • 7/4/2019 – Norbord was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Norbord Inc. is a producer of wood-based panels. It operates primarily in the United States, Europe and Canada. Norbord Inc. is headquartered in Toronto, Canada. “
  • 6/14/2019 – Norbord was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $28.00 price target on the stock, up previously from $26.00.
  • 6/11/2019 – Norbord was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.

Norbord stock traded down $0.57 during mid-day trading on Wednesday, reaching $23.29. The stock had a trading volume of 90,500 shares, compared to its average volume of 181,082. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.80 and a quick ratio of 0.85. Norbord Inc has a fifty-two week low of $19.46 and a fifty-two week high of $44.15. The company has a 50-day simple moving average of $22.91. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 4.93 and a beta of 2.07.

Norbord (NYSE:OSB) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.06). The business had revenue of $476.00 million during the quarter, compared to analysts’ expectations of $462.00 million. Norbord had a return on equity of 32.42% and a net margin of 11.92%. As a group, equities research analysts expect that Norbord Inc will post 1.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Saturday, June 1st were given a dividend of $0.299 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.14%. Norbord’s dividend payout ratio (DPR) is presently 25.00%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Norbord in the fourth quarter worth about $37,815,000. Formula Growth Ltd. acquired a new position in shares of Norbord during the first quarter worth approximately $7,439,000. DekaBank Deutsche Girozentrale boosted its position in shares of Norbord by 625.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 238,860 shares of the construction company’s stock worth $8,338,000 after buying an additional 205,936 shares during the period. TD Asset Management Inc. boosted its position in shares of Norbord by 21.1% during the first quarter. TD Asset Management Inc. now owns 806,301 shares of the construction company’s stock worth $22,222,000 after buying an additional 140,535 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of Norbord by 25.0% during the fourth quarter. APG Asset Management N.V. now owns 701,000 shares of the construction company’s stock worth $16,298,000 after buying an additional 140,300 shares during the period. Institutional investors own 79.10% of the company’s stock.

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.

Further Reading: Buy-Side Analysts

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